17 Февраль 2019
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Wall St flat as investors shrug off jobs report

sampleWall Street mostly shrugged off a weaker-than-expected payrolls report on Friday, leaving stocks little changed as the data didn't alter investors' view the economic recovery is on track.

U.S. employment barely grew in November and the jobless rate unexpectedly jumped to a seven-month high of 9.8 percent, the government said.

But recent data, including retail sales and other labor reports, have raised optimism the recovery is accelerating after hitting a soft patch in the summer.

Separately Friday, a report showed the U.S. services sector grew for an 11th straight month in November, but the government said new U.S. factories orders dropped.

"The marketplace understands we never have a recovery that is uneventful, without bumps," said Art Hogan, chief market analyst at Jefferies & Co in Boston.